Downtown Portland Real Estate Broker~Herb Hamilton

Looking back in time is certainly not a predictor of the Future but it can help to throw a light on trends. The graph below looks at Average Sales prices for the Month of August in each of the years from 2005 through 2009. It also displays the Median Home price for the Year to date in each of those months.

According Portland City Data for the year 2007 the Population of Southeast Portland was 105,571 in an area of aproximately 22.706 Square Miles. An area Bordered on the West Side by the Willamette River extending East to the border with the City of Gresham Oregon roughly about South East 170th ave. The Northern Border is East Burnside and the Southern Border is roughly Southeast Foster and or Johnson Creek in the Millwaukie area. See_MAP_of_Southeast_Portland_&_Demographics

Looking back in time is certainly not a predictor of the Future but it can help to throw a light on trends. The graph below looks at Average Sales prices for the Month of August in each of the years from 2005 through 2009. It also displays the Median Home price for the Year to date in each of those months.

The Population of North Portland in 2007 was about 50,255 for an area of aproximately 37.989 square miles ( see link to map below.)

For years I have been telling Portland Area residents that the market in Portland is not as bad as it is in the rest of the country. Perception of reality can be a very strong thing. Yes prices have fallen here in North Portland, but no where near some of the disasters that other States have had to endure.

Click for North_Portland_Oregon_Map . North Portland lies within the boundaries on the right side are between highways I-5 and 99 ( East ) and is bordered by the Willamette River at the bottom ( South ) and the Columbia River above ( North ) the division between Oregon and Washington States. Lables on the map are Arbor Lodge, Portsmouth, Cathedral Park, and St. Johns.

Over all the greater Portland Metro market is showing mixed results. While some areas like North Portland and inner Northeast and Southeast Portland are showing strong results the outer areas continue to suffer with longer market times and continued lower prices.

Amount of over all inventory of 7.8 months worth allthough down from Januarys height of 19.2 months is now fairly stagnated for 3 months running.

It should also be noteworthy to understand the Price Range and Geographic make up of SouthEast Portland running all the way from the Willamette River ( Effectively block zero ) east towards Gresham to aprox. SE 177. The Northern boundary is East Burnside with Southern Boundary adjoining Milwaukie Close to Johnson Creek Blvd.

Over all the greater Portland Metro market is showing mixed results. While some areas like North Portland and inner Northeast and Southeast Portland are showing strong results the outer areas continue to suffer with longer market times and continued lower prices.

Amount of over all inventory of 7.8 months worth allthough down from Januarys height of 19.2 months is now fairly stagnated for 3 months running.

North Portland however does show a very strong uptick in the amount of recent Pending sales at 35.7 % vs only 18.8% for Northeast Portland and 8.6% in Southeast Portland.

Over all the greater Portland Metro market is showing mixed results. While some areas like North Portland and inner Northeast and Southeast Portland are showing strong results the outer areas continue to suffer with longer market times and continued lower prices.

Amount of over all inventory of 7.8 months worth allthough down from Januarys height of 19.2 months is now fairly stagnated for 3 months running.